What If There Is No "Fed Put" - Paul Brodsky Thinks Yellen Will Not Bailout Markets This Time
Submitted by Tyler Durden on 01/15/2016 - 14:30
Earlier today, Art Cashin summarized most (very desperate) traders' thoughts when he said that as a result of today's market crash, "the Fed will try anything" to prop up the wealth effect it had so carefully engineered with seven years of central planning in the aftermath of the financial crisis. Yet one person who is far less sanguine abou the latest in a long series of central bank bailouts of the stock market is Macro-Allocation's Paul Brodsky, who believes that instead of the Fed Put, the time of the Fed Call has come.
Norway Pushes Panic Button: "We're In A Crisis Now, We Can't Deny That"
Submitted by Tyler Durden on 01/15/2016 - 13:40
Slumping crude prices are weighing heavily on Norway's economy as the government looks to its $830 billion sovereign wealth fund to plug budget holes and pay for fiscal stimulus. Officials hope a weaker krone can serve as a shock absorber but with Mario Draghi stuck in easing mode, that may prove to be an increasingly dubious proposition.
This Is What Janet Yellen Thinks Is The "Worst-Case Scenario" For The U.S.
Submitted by Tyler Durden on 01/15/2016 - 13:21
"Japan’s deflation didn’t begin until the mid-1990s, a half-decade after the collapse of Japanese real estate and equity prices. Furthermore, during the early years of deflation, Japanese long-run inflation expectations remained well anchored, averaging about 1½ percent as measured by consensus forecasts. So, unfortunately, a Japan-style deflation remains a relevant worst-case scenario for us going forward."
Oil Extends Losses As Oil Rig Count Drops By Just 1
Submitted by Tyler Durden on 01/15/2016 - 13:06
While gas rigs fell 13 last week, oil rigs dropped just 1 to 515. Crude's initial reaction was to extend losses...
Art Cashin Comments On Today's Crash: "The Fed Will Try Anything"
Submitted by Tyler Durden on 01/15/2016 - 13:05
"The Fed will try anything," warns Art Cashin, calmly explaining that markets "are in 'deep concern' mode," currently and if the S&P hits 1857, "there might be another whole new round of selling." The Fed's solution, Cashin stoically explains to a dumbstruck CNBC anchor, that "it doesn't matter that it hasn't worked in the past," The Fed will unleash moar QE to save the world.
Nasdaq Collapse Leaves No Major US Equity Indices Positive Post-QE3
Submitted by Tyler Durden on 01/15/2016 - 12:59
Who said this market was all driven by The Fed?
More Smoking Guns - Will Hillary's Next Stop Be The White House Or The Big House?
Submitted by Tyler Durden on 01/15/2016 - 12:56
There are now more than 100 FBI agents investigating Hillary Clinton. Her denial that she is at the core of their work is political claptrap with no connection to reality. It is inconceivable that the FBI would send such vast resources in the present dangerous era on a wild-goose chase. It is the consensus of many of us who monitor government behavior that the FBI will recommend indictment. If the FBI recommends indictment and the attorney general declines to do so, expect Saturday Night Massacre-like leaks of draft indictments, whistleblower revelations and litigation, and FBI resignations.
Dow Crashes 650 Points From Bullard Bounce Top
Submitted by Tyler Durden on 01/15/2016 - 12:44
Some folks are selling... a lot.
S&P Crashes Below August 24 "Black Monday" Lows
Submitted by Tyler Durden on 01/15/2016 - 12:23
"Inconceivable" ... but there is more to come.
Why Senator Cruz' Undisclosed Goldman Loan Is A Real Problem
Submitted by Tyler Durden on 01/15/2016 - 12:21
The dishonesty here is that Cruz has pretended to stand against the bankers. But Cruz is bought and paid for and would be in the pocket of the New York Banks no different than Hillary, Bush, or the rest of them who take money from this crowd. You do not forget to report a loan from Goldman Sachs when your wife is a managing director. Come on. How stupid do we have to be to entertain this excuse?
S&P Enters The Latest European Scandal: Downgrades Poland From A- To BBB+
Submitted by Tyler Durden on 01/15/2016 - 11:54
As so often happens, whenever there is a political spat in Europe, the rating agencies are quickly involved (thing S&P and Moody's downgrades and upgrades of Greece depending on how well the vassal nation is "behaving"), and moments ago S&P downgraded Poland from A- to BBB+ outlook negative, precisely due to Poland's new media law which has been the topic of so much consternation over the past week. In other words, S&P is now nothing more than a lackey for Brussels, threatening to send Polish yields higher if Poland does not fall in line.
European Stocks Enter Bear Market
Submitted by Tyler Durden on 01/15/2016 - 11:40
When "whatever it takes" meets "get me out now!"...
US Freight Volumes Fall For First Time In 3 Years As Baltic Dry Crashes Under 400
Submitted by Tyler Durden on 01/15/2016 - 11:31
For the first time in three years and before that the recession, the total volume of freight moved by road, rail, pipeline, inland waterways and air has fallen Y/Y. Meanwhile, on the high seas, the Baltic Dry has collapsed under 400.
